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Temu-owner PDD Misses Revenue Estimates
March 25 (Reuters) - Discount e-commerce player PDD Holdings PDD.O missed market estimates for quarterly revenue on Wednesday
Wed, Mar 25
Japan's Inpex to Acquire Stakes in Australia's Beetaloo Shale
March 25 - Japanese oil and gas producer Inpex 1605.T said on Wednesday its Australian unit has signed a farm-in deal with Daly Waters Energy to buy stakes in the Beetaloo shale basin in Australia's Northern Territory.
Wed, Mar 25
SpaceX aims to file for IPO as soon as this week, The Information reports
March 24 (Reuters) - SpaceX is aiming to file its initial public offering prospectus with regulators later this week or next week, The Information reported on Tuesday, citing a person with direct knowledge of the plans.Advisers involved in the preparation expect the Elon Musk-led company could attem...
Wed, Mar 25
Us Stock Futures Rise as Mideast Ceasefire Prospects Lift Sentiment
March 25 (Reuters) - U.S. stock index futures climbed on Wednesday, after media reports that the U.S. was seeking a month-long ceasefire in its war with Iran, allaying some investor fears around prolonged energy supply disruptions.
Wed, Mar 25
Oil falls on prospect of Middle East ceasefire easing supply disruption
Trump cites progress with Iran, US proposes plan to end war Iran tells UN 'non-hostile' ships can transit Strait of HormuzSaudi hikes Yanbu exports to work around Hormuz halt, data showsBy Yuka Obayashi and Trixie Yap March 25 (Reuters) - Oil prices sank about 4% on Wednesday after report...
Wed, Mar 25
GM to Invest $600 Million in its South Korean Unit
(Reuters) - General Motors GM.N, which received a South Korea government rescue package in 2018 to stay in the Asian country, said on Wednesday it plans to invest $600 million in its local unit to upgrade manufacturing facilities and products.
Wed, Mar 25
Japan's Nikkei Surges as Trump Claims Us Negotiating End to Iran War
TOKYO, March 25 (Reuters) - Japan's Nikkei share average rose the most in a week on Wednesday, supported by cautious optimism that the Middle East crisis could move toward a potential settlement after recent volatility.
Wed, Mar 25
February Shipments of Foreign-branded Phones in China Fall 7.7% from a Year Ago, Caict Data Shows
BEIJING, March 25 (Reuters) - Shipments of foreign-branded mobile phones in China for February, including Apple's AAPL.O iPhones, fell 7.7% from the same month last year, Reuters calculations based on data released by a government-affiliated research firm on Wednesday showed.
Wed, Mar 25
SK Hynix files for US listing that source says could raise up to $14 billion
Company makes a confidential U.S. filing Seeks to list about 2% to 3% of total shares, source saysThat would raise $9.6 billion to $14.4 billion Listing structure, size and timeline not yet finalised By Hyunjoo Jin, Cynthia Kim and Heekyong Yang ICHEON, South Korea, March 25 (Reuters) - South Kor...
Wed, Mar 25
Which Firms Will Clean up After the Iran War Is Finally Over?
LITTLETON, Colorado, March 25 (Reuters) - When the missiles and drones eventually stop flying in the U.S.-Israeli air strikes against Iran, a new contest is likely to get underway: the scramble for contracts to rebuild damaged oil and gas infrastructure and restore shipping lanes - and influence - a
Wed, Mar 25
Refile-iran Military Spokesperson Says Us Is Negotiating with Itself, State Media
March 25 (Reuters) - The United States is negotiating with itself, an Iranian military spokesman said according to state media on Wednesday, a day after U.S. President Donald Trump said Tehran wants to make a deal to end the war in the Middle East.
Wed, Mar 25
Stocks Rise and Oil Retreats on Mideast Ceasefire Reports
SINGAPORE, March 25 (Reuters) - Stocks rose and oil fell on Wednesday on reports the U.S. is seeking a month-long ceasefire in its war on Iran and had sent a 15-point plan to Iran for discussion, raising hopes for a breakthrough that could help restore oil exports from the Gulf.
Wed, Mar 25
BREAKINGVIEWS-How Pivate Credit can Survive its Stress Test
(Reuters Breakingviews) - Wall Street’s lucrative private-credit empire is facing its first true stress test. Funds targeting wealthy individuals set up by BlackRock BLK.N, Morgan Stanley MS.N and peers are limiting withdrawals, as small-dollar backers desert a $23...
Wed, Mar 25
Fed's Goolsbee Says Inflation Progress Needed to Cut Rates This Year, PBS Reports
The U.S. Federal Reserve needs to see progress on inflation coming down to be realistic on cutting interest rates this year, but near-term prospects are not good because of higher energy prices arising from the war in Iran, Federal Reserve Bank of Chicago President Austan Goolsbee said on Tuesday.
Wed, Mar 25
Openai Drops Ai Video Tool Sora, Startling Disney, Sources Say
On Monday evening, Walt Disney Co DIS.N and OpenAI teams were working together on a project linked to Sora, OpenAI's AI video tool. Just 30 minutes after that meeting, the Disney team was blindsided with word that OpenAI was dropping the tool altogether, a person familiar with the matter said.
Wed, Mar 25
Uk Consumer Sentiment Falls as Iran War Rages, Kpmg Says
British consumer sentiment this month was slightly weaker than three months earlier, pushed down by worries about grocery and energy costs linked to the conflict in the Middle East, according to a quarterly survey from accountants KPMG.
Wed, Mar 25
Philippines working with Washington to obtain oil from U.S.-sanctioned countries
MANILA, March 25 (Reuters) - The Philippines is working with Washington to secure waivers and exemptions so it can obtain oil from U.S.-sanctioned countries to ensure supply, its ambassador to the United States said. "We are working with the State Department to get waivers or exemptions to purch...
Wed, Mar 25
Stocks Bounce and Oil Retreats on Mideast Ceasefire Reports
Stocks rose and oil fell on Wednesday on reports the U.S. is seeking a month-long ceasefire in its war on Iran, and had sent a 15-point plan to Iran for discussion, raising hopes for a resumption of oil exports out of the Persian Gulf.
Wed, Mar 25
Merck Nears $6 Billion All-Cash Deal to Buy Terns Pharma
Merck MRK.N is nearing a roughly $6 billion all-cash deal to buy biotech firm Terns Pharma TERN.O, the Financial Times reported on Tuesday, citing people familiar with the matter.
Wed, Mar 25
CORRECTED-Oracle reworks its suite of cloud software as 'agentic apps'
By Stephen Nellis SAN FRANCISCO, March 23 (Reuters) - Oracle ORCL.N is revamping its cloud-based software suite used by large companies to work with artificial intelligence agents as "agentic apps," with a goal of having humans ask the system for business outcomes.The changes, which Oracl...
Tue, Mar 24
